JPMorgan trader "London Whale" leaves: source

LONDON (Reuters) - Bruno Iksil, the JPMorgan Chase & Co trader known as the "London Whale", has left the bank, a person familiar with the situation said, in the wake of a trading scandal likely to have cost JPMorgan between $4 billion and $6 billion. The Wall Street bank is due to report second-quarter earnings later on Friday and plans to disclose more about the bad derivatives bets its Chief Investment Office (CIO) made on portfolios of corporate bonds. ...

LONDON, Jan 16 (Reuters) - JPMorgan Chase & Co has reached an out-of-court settlement over its lawsuit against the former boss of Bruno Iksil, the trader known as the "London Whale" for huge bets he took that cost the bank $6.2 billion, a person familiar with the matter said. Javier Martin-Artajo, who was Iksil's immediate supervisor, had been named as a defendant in a lawsuit filed at London's High Court on Oct. 22.

LONDON (Reuters) - Bruno Iksil, the JPMorgan Chase & Co trader known as the "London Whale", has left the bank, a person familiar with the situation said, in the wake of a trading scandal likely to have cost JPMorgan between $4 billion and $6 billion.

NEW YORK — Two former JPMorgan Chase & Co employees are facing criminal charges related to the trading scandal that cost the bank US$6.2-billion last year, but the trader who earned the nickname “the London Whale” and was at first most closely tied to the scandal is not one of them.
In fact, Bruno Iksil, who is cooperating with federal prosecutors, pushed back against the efforts of his former colleagues Javier Martin-Artajo and Julien Grout to hide the mounting losses, according to court filings.

NEW YORK (Reuters) - The former JPMorgan Chase & Cotrader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.